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Emerging markets set to drive 2018 global growth - World Bank

Reuters  |  WASHINGTON 

By Lesley WroughtonWASHINGTON (Reuters) - The global economy is set to expand by 3.1 percent in 2018, slightly up from 3 percent last year and marking the first year since the 2008 Great Recession that it will near or achieve full growth potential, the World Bank said on Tuesday.In an update of its twice-yearly economic report, the World Bank however warned that the economic upswing this year was temporary unless governments adopted policies that would focus on increasing workforce participation.The pace of world growth was expected to moderate to 3 percent in 2019 and 2.9 percent in 2020, it ...

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First Published: Wed, January 10 2018. 12:20 IST